Stratmin Global Share Discussion Threads

[thegrumpster] 08/9/2016 21:26

When they get the cash?

You jest.



July 7 RNS extract:

"....Assuming Independent Shareholder approval is granted, immediately following Completion and the receipt of the Net Cash Proceeds (which is expected to occur on 19 August 2016), the assets of the Company will comprise its cash balances of approximately £825,000, 75,000,000 Bass Shares (which are expected to be received by 26 August 2016), the Net Smelter Royalty, its residual rights under the Sale Agreement and the Tirupati Option (see paragraph 3 below).

Subject to satisfaction of the performance hurdles detailed in paragraph 5 below, the number of Bass Shares issued to the Company may increase.

Following settlement of all outstanding liabilities of approximately £525,000, the Company will have a remaining cash balance of approximately £300,000. In addition, the Bass Shares received by the Company may be held as an investment or liquidated in part to provide funding for corporate expenses, the development of the Vatomaina joint venture with Tirupati Resources, or investment in other projects.

Following the Disposal, the Company will be classified pursuant to Rule 15 of the AIM Rules as an AIM Rule 15 cash shell......"


A cash shell with not a whole lot of cash ....and directors salaries still owing.

Directors salaries which IMO would be more appropriately paid by Bass as our lot seem to have been acting more in the interests of their lot, rather than the shareholders that are expected to cough up for their wages.

IMO the tiny amount of cash left would not be enough to cover director's wages so they are very graciously allowing us to print shares instead.

Wonder if they'll print a few more as the BSM shares do not seem to have risen as much as some had hoped. Maybe they'll have a ramp fest in the next few days.

Wonder why the rampers/company familiars on both boards, are so quiet?

Got wind of what is coming?

Perhaps not quite justifying all their mindless ramping.

[jumpenjim] 07/9/2016 11:16

This is very Disappointing

With a bit of Luck we might get some action this week when they get there cash

JJ

[thegrumpster] 06/9/2016 08:37

STGR Top of the 20 top shareholders list for BSM, with 6.29%.

(Previous Bass RNS on the ASX or Hotcopper).

No RNS for us yet, saying that David Premraj has to leave because his new job "precludes the holding of company officer and director roles"....in other companies? (Bass RNS).

Maybe they were just saying that to make an excuse for him to get out?

BS wrapped up in an RNS?

Whatever next.

[thegrumpster] 02/9/2016 08:28

Bass RNS extract:

"Bass Metals Limited (ASX: “BSM”) (the “Company”;) advises that it is with regret that Non-Executive Director; Mr David Premraj has resigned from the Company, effective today.
Mr Premraj has accepted a role with a prestigious global management consulting firm that serves leading businesses, governments, non governmental organizations, and not-for-profits. This global role precludes the holding of company officer and director roles.
The team at Bass Metals wishes to thank Mr Premraj for his tremendous contribution to the strategic management of the Company, especially Mr Premraj’s role in the recent company transforming transaction; the acquisition of the Graphmada Graphite Mine located in eastern Madagascar......."

Same sort of RNS for us?

"........This global role precludes the holding of company officer and director roles......"



STGR Website:


"David Ranil Premraj, Non-Executive Director

Appointed to the Board of StratMin Global on 10 April 2013. David is a member of both the audit committee and the remuneration comittee. He is also the Director of Corporate Development for Beacon Hill Resources Plc and previously worked at Macquarie Group, where he gained analytical and debt funding experience. David holds a Bachelor of Commerce and a Bachelor of Science from the University of Melbourne. David also represents the interests of Consolidated Minerals Pte Ltd and Consolidated Resources Pte Ltd."

[jpuff] 01/9/2016 17:32

Bought in today. Hi everyone and good luck to us all :)

[talkingtoplants] 31/8/2016 19:03

He He !!

Luv it.

It could be either, or both!!?@'

[beeezzz] 31/8/2016 16:18

You talking to me or the plants....

[beeezzz] 31/8/2016 16:18

You talking to me or the plants....

[beeezzz] 30/8/2016 16:34

Scorching ahead now up how much, blimey, don't get me wrong a slightest of moves upwards is always good....now just re-rate to 10p and corr blimey Bob's ya uncle.

[escapetohome] 30/8/2016 12:16

NICE VERY VERY NICE

[colin12345678] 30/8/2016 09:58

Van de V‏ @DrVdeV
#STGR A$1.5m plus first share package from BASS. MC only £3.2m vs £9m deal. New #Graphite asset with Tirupati tba soon. Expect re-rate

[comet5d] 30/8/2016 09:57

Great stuff.Deal done worth +5.5p and AIM listing secured via new graphite JV with tirupati

[pictureframe] 30/8/2016 08:44

No RNS then...lol

[thegrumpster] 27/8/2016 16:33

From Hotcopper:

" Release Date: 28/08/16 01:24
Summary: Suspension from Official Quotation - BSMOB - 29/08/2016-BSM.AX
Price Sensitive: Yes

The announcement content will be available in 13 minutes at 01:44"

Odd time to release an RNS.

19.35

Options, ordinary shares unaffected.

[beeezzz] 26/8/2016 15:07

Come to think of it I did notice a gap....the huge difference between sell and buy prices..
Ill the only thing I can say is;

[illuminati1] 26/8/2016 12:27

CashToday 12:14 LSE JimCash is expected on Tuesday. In addition, it wouldn't be beyond the realms of possibility that Stratmin could have been selling BSM shares whilst they are trading above the 1c/share that Stratmin 'paid' for them through the sale.Anyone notice a gap up this morning, coming after a shake earlier in the week, might be thinking this is an acknowledgement that Stratmin is now rebuilding its balance sheet and therefore the likelihood of picking up cheap placing shares is receding IMO.

[beeezzz] 26/8/2016 12:14

Look out folks he is back......ramping a dead stock...its dead it won't move you idiot...

[illuminati1] 26/8/2016 11:45

Best to ignore our paid resident troll grumpster, who clearly doesn't hold any shares.No long term holder would be repeatedly talking the share down over months if he needed a "4.6p" to bail as he claims.No sane investor would continue constantly churning negativity about their own investment on a public Bulletin board when it serves no purpose

[beeezzz] 26/8/2016 10:18

AS I've said before its over for Stratmin...only ones to benefit are management..they don't give a toss about small investors period, write it off folks.

I can see the fat lady coming round the mountain, just about to exercise her tonsils.

[thegrumpster] 25/8/2016 20:22

Aren't we only getting £300k? (Before the latest delay....less than £300k after?)

The rest having been put into BSM's new venture, is effectively going back to them?

Plus a small percentage of shares.

Well under 10%.

Not that significant an amount.

Great deal.